[lbo-talk] Discontinuance of M3 - Hang On

[boddi satva]

Hang on, why is M3 useless? The Bank of England publishes an M4 and M5 don't
they? Isn't it a little suspicious that after increasing the money supply so
copiously the Greenspan Fed conveniently retires the broadest measure of
money?

 On 11/15/05, Doug Henwood <dhenwood at panix.com> wrote:
>
> Nobidicus wrote:
>
> >I was wondering too.
> >This page, about the "M-3 massacre", is kind of entertaining in its
> >own overheated way. It's full of references to Corporatist Fascism,
> >the Plunge Protection Team and Elliot Wave theory:
> >
> > http://www.safehaven.com/article-4108.htm
>
> Wow. It's always refreshing to see there are right-wing lunatics too.
>
> Doug
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>
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